Coal India output grows 13% to 52.3 MT in August; supply up 15% at 59 MT
Coal India Ltd (CIL) has showcased its strong performance in the coal sector with remarkable growth figures for the month of August 2023. The company’s coal production witnessed a substantial surge, recording a remarkable 13.2 percent increase. In August 2023, CIL produced 52.3 million tonnes (MT) of coal, a notable rise from the 46.2 MT produced in the corresponding month of the previous year.
This substantial increase in coal production is a testament to CIL’s capabilities and efficiency in addressing the growing demand for coal across diverse sectors. It highlights the company’s commitment to supporting critical industries that rely on coal as a fundamental source of energy and raw material.
CIL’s consistent and robust performance plays a pivotal role in ensuring a stable supply of coal, which is indispensable for various applications, including power generation, industrial processes, and manufacturing. The company’s ability to meet this demand is essential for supporting India’s economic development and energy requirements. CIL’s performance in August 2023 reflects its dedication to maintaining a steady supply of coal, contributing to the nation’s energy security and economic growth.
Furthermore, CIL reported a remarkable 15.3 percent increase in coal supplies for August 2023, with total supplies reaching 59 MT compared to 51.2 MT in the corresponding month of the previous fiscal year. This substantial growth in coal supplies is indicative of the company’s dedication to fulfilling the needs of its customers and supporting industries that rely on coal as a vital energy source.
CIL’s performance reflects its commitment to maintaining a steady supply of coal, which is essential for power generation, industrial processes, and other critical applications. As one of the largest coal producers in India, CIL plays a pivotal role in ensuring a consistent and reliable supply of coal to meet the energy requirements of the nation.
In the fiscal year 2023-24, Coal India Ltd (CIL) has demonstrated strong performance, with coal production totaling 281.5 million tonnes (MT) so far, marking an impressive 11.1 percent year-on-year growth. This growth is indicative of the company’s commitment to meeting the increasing demand for coal in various sectors, including power generation and industrial processes.
During the period from April to August 2023, CIL’s total coal off-take registered an 8 percent increase, reaching 305.5 MT compared to 283.1 MT during the same period in the previous year. This substantial uptick in coal off-take highlights the company’s efforts to efficiently supply coal to meet the energy and industrial needs of the country.
In August 2023, CIL’s supplies to the power sector reached nearly 47 MT, reflecting an almost 8 percent increase compared to the 43.6 MT supplied in the same month of the previous year. This significant growth in coal supplies to the power sector underscores the company’s pivotal role in supporting India’s electricity generation.
CIL’s commitment to fulfilling its supply commitments is evident as it supplied 1.515 MT per day to the power sector, surpassing its daily commitment of 1.44 MT. This reliability and efficiency in coal supply contribute to the stability and growth of the power and industrial sectors in India, ensuring a consistent energy supply for the nation’s development.
During the period from April to August 2023, coal-fired power plants in India received a total of 248.7 million tonnes (MT) of coal from Coal India Ltd (CIL). This figure represents a modest yet significant increase of approximately 2 percent compared to the 243.5 MT supplied during the same period in the previous year. The consistent supply of coal to power plants is essential for ensuring the uninterrupted generation of electricity, supporting India’s energy needs.
As of August 31, 2023, Coal India Ltd reported a comfortable coal inventory level of 45.3 MT at its pitheads. This inventory level reflects a substantial increase of 46 percent when compared to the 31 MT inventory recorded on the same date in the previous year. This buildup of coal inventory is a positive indicator of the company’s efforts to maintain ample reserves, ensuring a reliable and consistent supply of coal to meet the country’s energy demands.
The comfortable coal inventory at CIL’s pitheads is crucial for maintaining operational continuity and serving as a buffer against any unexpected disruptions in coal supply. It contributes to the stability of the power sector and various industries that rely on coal as a primary source of energy and raw material. Overall, CIL’s performance in terms of coal supply and inventory management plays a vital role in supporting India’s energy security and economic development.
